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{{short description|Indian electrical equipment company}}
{{short description|Indian electrical equipment manufacturer}}
{{Use Indian English|date=May 2019}}
{{Use Indian English|date=May 2019}}
{{Use dmy dates|date=March 2013}}
{{Use dmy dates|date=March 2023}}
{{Infobox company
{{Infobox company
| name = Trizonn
| name = Havells India Limited
| logo =
| logo = Havells Logo.svg
| industry = [[Electrical equipment]]
| type = [[Public company|Public]]
| founder = [[Ashish Wanjari]]
| traded_as = {{plainlist|
*{{BSE|517354}}
⚫
| key_people = [[Mrs. Pooja Jangra]] <br /> {{small|(Chairman & [[Managing Director|MD]])}}<ref name="HavellsAnnualReport">{{cite web|url=http://www.trizonn publisher=Trizonn. | date=6 November 2017 | access-date= 6 November 2017}}</ref>
*{{NSE|HAVELLS}}}}
| ISIN = INE176B01034
| industry = {{plainlist|
*[[Electrical equipment]]
*[[Home appliances]]}}
| founder = [[Qimat Rai Gupta]]
⚫
| key_people = [[Anil Rai Gupta]] <br /> {{small|(Chairman & [[Managing Director|MD]])}}<ref name="HavellsAnnualReport">{{cite web|url=http://www.havells.com/content/dam/havells/annual_reports/2016-2017/Havells%20AR%202016-17.pdf| title=Annual Report 2016-17 | publisher= Havells. | date=6 November 2017 | access-date= 6 November 2017}}</ref>
| products = Fast Moving Electrical Goods
| products = Fast Moving Electrical Goods
| revenue = {{up}} {{INRConvert|18839|c}} (FY24)<ref name="fy23"/>

| net_income = {{up}} {{INRConvert|1271|c}} (FY24)<ref name="fy23">{{cite news |title=Havells Q4 results {{!}} Net profit at Rs 358 crore, beats estimates |url=https://www.havells.com/HavellsProductImages/HavellsIndia/Content/pdf/About-Havells/Investor-Relations/Financials/Quaterly-Results/2023-2024/Quarter4/Published_Results_Q4_FY24.pdf |access-date=3 May 2024 |language=en}}</ref>
| num_employees = 5,781 (2020)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/electricequipment/havellsindia/HI01|title=Havells India Ltd. Financial Statements |website=moneycontrol.com}}</ref>
| divisions = {{plainlist|
*[[Electric motor|LV Motor]]s
*[[Electric motor|LV Motor]]s
*[[Home appliance|Home applications]]
*[[Home appliance|Home applications]]
*[[List of cooking appliances|Kitchen Appliances]]
*[[List of cooking appliances|Kitchen appliances]]
*[[Lighting]]
*[[Lighting]]
*[[Switchgear|Consumer and Industrial Switchgear]]
*[[Switchgear|Consumer and industrial switchgear]]
*[[Electrical cable|Cables]] and [[Wire]]s
*[[Electrical cable|Cables]] and [[wire]]s
*[[Electrical equipment]]}}
*[[Electrical equipment]]}}
| website = {{URL|www.trizonn.com}}
| website = {{URL|www.havells.com}}
| foundation = 2019<ref>{{cite web|url=http://www.trizonn.com/en/aboutus/Milestones.html|title=1958|access-date=19 May 2016}}</ref>
| foundation = {{Start date and age|1958}}<ref>{{cite web|url=http://www.havells.com/en/aboutus/Milestones.html|title=1958|access-date=19 May 2016}}</ref>
| location = [[Nagpur]], [[Maharastra]], [[India]]
| location = [[Noida]], [[Uttar Pradesh]], India
| area_served = India
| area_served = Worldwide
}}
}}
⚫
'''Trizonn''' is an Indian [[electrical equipment]] wholesale Distributor based in [[Nagpur]]. In business since 2019, the company has products ranging from home and kitchen appliances, lighting for domestic, commercial and industrial applications, [[LED lighting]], [[Fan (machine)|fans]], Modular Switches and Wiring accessories, [[Water heater]]s, Industrial and domestic Circuit Protection switchgear, industrial and domestic [[Electrical cable|cable]]s and [[wire]]s, [[induction motor]]s, and [[capacitor]]s among others.
Trizonn deals with some brands like Havells, Lloyd, Crabtree, Standard Electric, Reo , Finolex , Anchor, Hager , L&T ,Legrand , Crompton , Syska , Heukes & Imee.


⚫
'''Havells India Limited''' is an Indian [[Multinational corporation|multinational]] [[electrical equipment]] company, based in [[Noida]]. The company manufactures [[home appliances]], [[lighting]] for domestic, commercial and industrial applications, [[LED lighting]], [[fan (machine)|fans]], modular switches and wiring accessories, [[water heater]]s, industrial and domestic circuit protection switchgear, industrial and domestic [[Electrical cable|cable]]s and [[wire]]s, [[induction motor]]s, and [[capacitor]]s among others. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.
The company has One physical Store . First outlet is acquired by M/s. Raashi Electricals. The store is situated in western part of Nagpur, SaiNagar Wadi.

The company has 23 branches or representative offices with over 6,000 workers in over 50 countries. India's first Lloyd's exclusive outlet is acquired by businessman Rajan Bansal. The store is situated in western part of [[New Delhi]], [[Paschim Vihar]].<ref>{{cite magazine |magazine=Engineering Review |title=Havells Industrial on an overdrive and launches a product lounge on wheels |url=http://www.engrreview.com/Editorial_pages/2011/09_sep11/ER1109_corp-news_13.html |archive-url=https://web.archive.org/web/20120425080524/http://www.engrreview.com/Editorial_pages/2011/09_sep11/ER1109_corp-news_13.html |archive-date=2012-04-25}}</ref><ref>{{cite web|url=http://www.havells.com/en/aboutus.html|title=About Havells India Limited |website=Havells |access-date=19 May 2016}}</ref> As of 2016, it has 11 manufacturing plants in [[India]] located at [[Haridwar]], [[Baddi]], [[Noida]], [[Faridabad]], [[Alwar]], [[Neemrana]], and [[Bengaluru]].<ref>{{cite web|last=Singh|first=A|title=Havells Press Kit|url=http://www.havells.com/en/press-release/media-kit.html|work=havells.com|publisher=Havells India Ltd|access-date=1 November 2013}}</ref>

==History==
In 1958, [[Qimat Rai Gupta]] moved from [[Malerkotla]] to [[Old Delhi]], where he set up an electrical equipment trading shop. In 1971, Haveli Ram Gandhi sold his [[switchgear]] company–Havells–to Gupta, who was his distributor at the time. The company subsequently entered other product segments such as cables, lightings, appliances, fans and geysers.<ref>{{cite news |last1=Bhandari |first1=Bhupesh |title=The unsung billionaire |url=http://www.business-standard.com/article/opinion/bhupesh-bhandari-the-unsung-billionaire-114112001358_1.html |access-date=22 November 2024 |work=Business Standard |date=20 November 2014 |archive-url=https://web.archive.org/web/20141124060714/http://www.business-standard.com/article/opinion/bhupesh-bhandari-the-unsung-billionaire-114112001358_1.html |archive-date=24 November 2014}}</ref>

In 1983, it bought the loss-making Delhi-based Towers and Transformers Ltd and turned it around in a year. Between 1997 and 2001, Havells also bought ECS, Duke Arnics Electronics, Standard Electricals and Crabtree India. There was a 50:50 joint venture between Havells and the UK-based Crabtree, and Havells later acquired Crabtree's stake in the JV.<ref>{{cite news |last1=Jha |first1=Mayur Shekhar |title=New lifestyle: Havell's India acquires Crabtree |url=https://economictimes.indiatimes.com/new-lifestyle-havells-india-acquires-crabtree/articleshow/1306202.cms |access-date=7 March 2023 |work=The Economic Times |date=24 November 2005}}</ref><ref>{{cite web|url=http://www.businesstoday.in/magazine/case-study/smart-turnaround-strategy-helped-havells/story/197235.html|title=How a smart turnaround strategy helped Havells to make a comeback|date=August 2013 |access-date=19 May 2016}}</ref> In 2007, Havells acquired European lighting company [[Havells Sylvania|Sylvania]] for about €200 million.<ref>{{cite news |title=SLI Sylvania's lighting biz to give yields from 2010: Havells |url=https://economictimes.indiatimes.com/industry/cons-products/electronics/sli-sylvanias-lighting-biz-to-give-yields-from-2010-havells/articleshow/5363091.cms |access-date=7 March 2023 |work=The Economic Times |date=21 December 2009}}</ref><ref>{{cite news |title=When Havells Bought Sylvania |url=https://www.forbes.com/2010/08/26/forbes-india-havells-managed-sylvania-acquisition.html |access-date=7 March 2023 |work=Forbes |language=en}}</ref> In 2010, Havells introduced [[ceramic metal-halide lamp]].<ref>{{cite news| url=http://economictimes.indiatimes.com/industry/cons-products/electronics/havells-india-eyes-acquisitions-in-china-asean-latin-america/articleshow/5607993.cms | title=Havells India looks for acquisitions in China, Africa | date=23 February 2010 | work=The Economic Times}}</ref>

In April 2015, Havells acquired a 51% majority stake in Promptec Renewable<ref>{{cite news |title=Havells acquires controlling stake in Promptec |url=https://www.businesstoday.in/latest/corporate/story/havells-acquires-controlling-stake-in-promptec-50412-2015-04-20 |access-date=7 March 2023 |work=Business Today |date=20 April 2015 |language=en}}</ref> before increasing its stake in the company to 100% in 2018. In December 2015, Havells sold 80% stake in Sylvania Malta and Havells Exim Hong Kong to Shanghai Feilo Acoustics for {{INRConvert|1070|c|year=2015|mode=historical}}<ref>{{cite news |title=Havells India to sell 80% stake in subsidiaries for ₹1,070 cr |url=https://www.thehindubusinessline.com/companies/havells-india-to-sell-80-stake-in-subsidiaries-for-1070-cr/article64351454.ece |access-date=7 March 2023 |work=Business Line |date=10 December 2015 |language=en}}</ref> and sold the remaining 20% two years later.<ref>{{cite news |title=Havells: The big switch |url=https://www.fortuneindia.com/enterprise/havells-the-big-switch/102027 |access-date=7 March 2023 |work=Fortune India |language=en}}</ref> In February 2017, it acquired the consumer durables business of Lloyd Electricals at an [[enterprise value]] of {{INRConvert|1600|c|year=2017|mode=historical}}.<ref>{{cite news |last1=Shyam |first1=Ashutosh R. |last2=Barman |first2=Arijit |title=Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/havells-acquires-consumer-biz-of-lloyd-electric-for-rs-1600-cr/articleshow/57233192.cms |access-date=7 March 2023 |work=The Economic Times |date=19 February 2017}}</ref>
==Recognition==
In 2014, Havells was listed 125th among 1200 of India's most trusted brands according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory.<ref>{{Cite web|url = http://www.trustadvisory.info/pdf/BTR2015_categorywise.compressed.pdf|title = India's Most Trusted Brands 2014|access-date = 21 December 2016|archive-date = 7 December 2016|archive-url = https://web.archive.org/web/20161207080858/http://trustadvisory.info/pdf/BTR2015_categorywise.compressed.pdf|url-status = dead}}</ref>

==References==
{{Reflist}}


==External links==
*{{url|www.havells.com|Official site}}


{{Nifty 200 companies}}
==Social initiatives==


[[Category:Electrical wiring and construction supplies manufacturers]]
Trizonn provides drinking water as "Pyau" for the road sides in summers at Nagpur.
[[Category:Electrical equipment manufacturers]]
[[Category:Manufacturing companies based in Noida]]
[[Category:Electronics companies established in 1958]]
[[Category:Electrical engineering companies of India]]
[[Category:1958 establishments in Uttar Pradesh]]
[[Category:Wire and cable manufacturers]]
[[Category:Indian brands]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Home appliance manufacturers of India]]

Latest revision as of 09:51, 6 December 2024

Havells India Limited
Company typePublic
ISININE176B01034
Industry
Founded1958; 67 years ago (1958)[1]
FounderQimat Rai Gupta
HeadquartersNoida, Uttar Pradesh, India
Area served
Worldwide
Key people
Anil Rai Gupta
(Chairman & MD)[2]
ProductsFast Moving Electrical Goods
RevenueIncrease ₹18,839 crore (US$2.2 billion) (FY24)[3]
Increase ₹1,271 crore (US$150 million) (FY24)[3]
Number of employees
5,781 (2020)[4]
Divisions
Websitewww.havells.com

Havells India Limited is an Indian multinational electrical equipment company, based in Noida. The company manufactures home appliances, lighting for domestic, commercial and industrial applications, LED lighting, fans, modular switches and wiring accessories, water heaters, industrial and domestic circuit protection switchgear, industrial and domestic cables and wires, induction motors, and capacitors among others. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.

The company has 23 branches or representative offices with over 6,000 workers in over 50 countries. India's first Lloyd's exclusive outlet is acquired by businessman Rajan Bansal. The store is situated in western part of New Delhi, Paschim Vihar.[5][6] As of 2016, it has 11 manufacturing plants in India located at Haridwar, Baddi, Noida, Faridabad, Alwar, Neemrana, and Bengaluru.[7]

History

[edit]

In 1958, Qimat Rai Gupta moved from Malerkotla to Old Delhi, where he set up an electrical equipment trading shop. In 1971, Haveli Ram Gandhi sold his switchgear company–Havells–to Gupta, who was his distributor at the time. The company subsequently entered other product segments such as cables, lightings, appliances, fans and geysers.[8]

In 1983, it bought the loss-making Delhi-based Towers and Transformers Ltd and turned it around in a year. Between 1997 and 2001, Havells also bought ECS, Duke Arnics Electronics, Standard Electricals and Crabtree India. There was a 50:50 joint venture between Havells and the UK-based Crabtree, and Havells later acquired Crabtree's stake in the JV.[9][10] In 2007, Havells acquired European lighting company Sylvania for about €200 million.[11][12] In 2010, Havells introduced ceramic metal-halide lamp.[13]

In April 2015, Havells acquired a 51% majority stake in Promptec Renewable[14] before increasing its stake in the company to 100% in 2018. In December 2015, Havells sold 80% stake in Sylvania Malta and Havells Exim Hong Kong to Shanghai Feilo Acoustics for ₹1,070 crore (US$166.79 million)[15] and sold the remaining 20% two years later.[16] In February 2017, it acquired the consumer durables business of Lloyd Electricals at an enterprise value of ₹1,600 crore (US$245.69 million).[17]

Recognition

[edit]

In 2014, Havells was listed 125th among 1200 of India's most trusted brands according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory.[18]

References

[edit]
  1. ^ "1958". Retrieved 19 May 2016.
  2. ^ "Annual Report 2016-17" (PDF). Havells. 6 November 2017. Retrieved 6 November 2017.
  3. ^ a b "Havells Q4 results | Net profit at Rs 358 crore, beats estimates" (PDF). Retrieved 3 May 2024.
  4. ^ "Havells India Ltd. Financial Statements". moneycontrol.com.
  5. ^ "Havells Industrial on an overdrive and launches a product lounge on wheels". Engineering Review. Archived from the original on 25 April 2012.
  6. ^ "About Havells India Limited". Havells. Retrieved 19 May 2016.
  7. ^ Singh, A. "Havells Press Kit". havells.com. Havells India Ltd. Retrieved 1 November 2013.
  8. ^ Bhandari, Bhupesh (20 November 2014). "The unsung billionaire". Business Standard. Archived from the original on 24 November 2014. Retrieved 22 November 2024.
  9. ^ Jha, Mayur Shekhar (24 November 2005). "New lifestyle: Havell's India acquires Crabtree". The Economic Times. Retrieved 7 March 2023.
  10. ^ "How a smart turnaround strategy helped Havells to make a comeback". August 2013. Retrieved 19 May 2016.
  11. ^ "SLI Sylvania's lighting biz to give yields from 2010: Havells". The Economic Times. 21 December 2009. Retrieved 7 March 2023.
  12. ^ "When Havells Bought Sylvania". Forbes. Retrieved 7 March 2023.
  13. ^ "Havells India looks for acquisitions in China, Africa". The Economic Times. 23 February 2010.
  14. ^ "Havells acquires controlling stake in Promptec". Business Today. 20 April 2015. Retrieved 7 March 2023.
  15. ^ "Havells India to sell 80% stake in subsidiaries for ₹1,070 cr". Business Line. 10 December 2015. Retrieved 7 March 2023.
  16. ^ "Havells: The big switch". Fortune India. Retrieved 7 March 2023.
  17. ^ Shyam, Ashutosh R.; Barman, Arijit (19 February 2017). "Havells acquires consumer biz of Lloyd Electric for Rs 1600 cr". The Economic Times. Retrieved 7 March 2023.
  18. ^ "India's Most Trusted Brands 2014" (PDF). Archived from the original (PDF) on 7 December 2016. Retrieved 21 December 2016.
[edit]
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